Celestica (TSE:CLS) Stock Passes Below 200 Day Moving Average – Time to Sell?

Celestica Inc. (TSE:CLS) (NYSE:CLS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$380.65 and traded as low as C$373.55. Celestica shares last traded at C$373.62, with a volume of 612,917 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CLS. Citigroup raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. The Goldman Sachs Group upgraded shares of Celestica to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, TD Securities raised Celestica to a “hold” rating in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of C$183.00.

Celestica Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. The stock has a fifty day moving average price of C$420.38 and a two-hundred day moving average price of C$380.65. The company has a market capitalization of C$42.93 billion, a price-to-earnings ratio of 52.18, a PEG ratio of 0.14 and a beta of 1.35.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Wednesday, January 28th. The company reported C$2.59 EPS for the quarter. The business had revenue of C$5.02 billion for the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%. As a group, analysts forecast that Celestica Inc. will post 5.028804 EPS for the current fiscal year.

About Celestica

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.